UK's richest fatcats get gigantic 40 percent pay rise - six times average salary
![Figures come from analysis of all 60 FTSE 100 companies that published annual reports (Image: PA)](/upload/news/2023/04/21/41801.jpg)
Average pay for Britain’s top bosses soared 40% last year… six times a typical worker’s increase.
Between them, 120 greedy company chiefs shared an “obscene” £420million.
The Mirror analysed figures for all 60 FTSE 100 companies that have published annual reports this year.
We looked at total packages – salaries, bonuses, pension payments and other benefits – for 120 chief executives and chief financial officers.
Of those, 54 earned more than last year and 49 made less.
![Teachers, civil servants and train drivers walk out in biggest strike in decade eidditqidrqinv](/upload/news/2023/02/01/1_m.jpg)
It was not possible to calculate figures for the rest, who started their jobs midway through the year.
The average fatcat raked in £3.5million – 133 times more than a typical worker.
The figure was even higher for the 54 who got an increase. Their average jumped from just under £3m to £4.1m.
![UK's richest fatcats get gigantic 40 percent pay rise - six times average salary](https://i2-prod.mirror.co.uk/incoming/article29768496.ece/ALTERNATES/n310p/0_chris-oshea-bio-imageAJPEG.jpg)
![UK's richest fatcats get gigantic 40 percent pay rise - six times average salary](https://i2-prod.mirror.co.uk/incoming/article29768495.ece/ALTERNATES/n310p/0_AstraZeneca-Plc-Chief-Executive-Officer-Pascal-Soriot-Interview.jpg)
But even that is dwarfed by some monstrous windfalls.
Highest paid was Pascal Soriot, boss of pharmaceuticals giant AstraZeneca, who got £15.3m. His package was slightly lower than the previous year.
Pay and perks for BP boss Bernard Looney rocketed 125% to £10m. The biggest increase went to Chris O’Shea, boss of British Gas owner Centrica.
His total leapt 413% to nearly £4.5m after he ignored calls to waive a bonus as he had done in 2021.
Luke Hildyard, director of think tank the High Pay Centre, called for reform and added: “If some of the millions these companies lavish on multi-millionaire senior executives were instead distributed more sensibly it could fund a significant pay rise for thousands hit by soaring prices.”
TUC general secretary Paul Nowak said: “Working people are seeing living standards plummet. But it is different story for those at the top.
“At a time when millions are struggling, these payouts are obscene.
![Sunak branded 'pathetic' for attempt to pin blame on Labour for mass strikes](/upload/news/2023/02/01/173_m.jpg)
“We need proper action to tackle corporate greed yet ministers chose to lift the cap on bankers’ bonuses as they hold down key workers’ pay.”
AstraZeneca said Mr Soriot’s package included a long-term bonus scheme that paid out, boosted by a sharp rise in the company’s share price.
Centrica said Mr O’Shea did not get a bonus for four years before the one he received in 2022.
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